Karnika Industries Limited — Others, 20-08-2025: Shareholders meeting

Karnika Industries' shareholders have approved key resolutions at a recent Extraordinary General Meeting. The company will increase its Authorized Share Capital from ₹25 Cr to ₹70 Cr, paving the way for future growth. A significant bonus share issue of 4 new shares for every 1 existing share was also approved. Additionally, an increase in managerial remuneration up to ₹0.10 Cr for three directors was passed. Shareholders also greenlit material related party transactions with M/s Shree Garments, up to ₹50 Cr, for FY 2025-26. All resolutions received 100% shareholder approval. This sets the stage for strategic expansion and rewards shareholders.